Malta Must Shift to the New AML Directive or Face Charges

With the implementation of the European Union’s (EU) Fourth Anti-Money Laundering Directive (AMLD4), which included an emphasis on enhanced customer due diligence (CDD), an inclusion of the gambling sector, and enhanced risk-based approach technology, all member states were required to… Read more >

Closing Gaps in Fifth Anti-Money Laundering Directive

The European Union’s (EU) Fifth Anti-Money Laundering (AMLD5) became binding recently on Monday, July 9 and even after two years of reforming the anti-money laundering (AML) provisions and regulations, the new directive still faces weaknesses and limitations in preventing illicit… Read more >

EU Fifth Anti-Money Laundering Directive Published

On June 19, 2018, the Official Journal of the European Union (EU) published the Fifth Anti-Money Laundering Directive (5MLD) that includes amendments to resolve issues within the existing Fourth Anti-Money Laundering Directive (4MLD), including terrorist financing, tax leaks and the… Read more >

Bulgaria’s New Anti-Money Laundering Act

In an effort to combat money laundering, the Bulgarian Parliament is in the process of passing the Measures Against Money Laundering Directive Act (the “Bill”) as ordered by the European Union’s 4th Anti-Money Laundering Directive (4th AMLD).  The Bill, which… Read more >

Croatia Introduces New Money Laundering and Terrorism Prevention Act

In order to place the Fourth Anti-Money Laundering Directive (AMLD4) into the legal system, the Croatian Parliament passed the Money Laundering and Terrorist Financing Prevention Act on October 27, 2017. One main component of this act is the addition of… Read more >

New Money Laundering Regulations in the UK

Professionals across all industries and sectors must familiarize themselves with the Money Laundering Regulations 2017 (MLR2017) which has introduced a variety of new provisions to replace and expand the requirements of the existing Money Laundering Regulations 2007 (MLR2007).  This newest… Read more >